Opportunities in Private Sector and Foreign Banks in India

Opportunities in Private Sector and Foreign Banks in India The Banking Regulation Act was amended in 1993 and permitted the entry of new private-sector banks in the Indian banking sector. After 1991 reforms so many corporate companies and institutions were keen to set up a bank. Due to this as of now there are nearly 50 Private Sector, Foreign and Cooperative banks operating in India. As Banks grow in number there is a huge requirement of man power in the banking sector. As service conditions, salary packages, allowances and other benefits in Private sector banks are very equal and sometimes high when compare to the public sector banks, young graduates and experienced trying to be a part of it. Private Sector and Foreign banks have been using various recruitment methods since inception to deploy people in its branches. Some offer high packages to experienced personal from other banks and some conducted recruitment tests and campus drives. They offer unmatched career growth, where one can grow by his own talent and touches the sky. Private Sector Banks offer huge emoluments and salaries to the candidates. The selection criterion in Private Banks is purely based on the performance, experience and educational qualification.  Recently most of the Public and Private Banks in India, adopted the new programme of selection and training to groom potential candidates by providing high end banking training. Apart from the conventional selection process these banks recruited and trained their employees for a year or two in the academies (such as Manipal Global Education Services, Amity Global Business School) which are in collaboration with the banks. These academies impart knowledge and skills in core banking, specialized areas in banking besides managerial skills, etiquette, grooming and language skills. The programme consists of classroom sessions, e-learning, internship and On-the-Job-Training.  These programs are cashless bridges to the aspirants those who wants to grow professionally in Banking and Financial sector. Banks either provides Financial Assistance to the candidates in the form of loans (which would be paid in EMIs later) or gives a choice of self financing. The candidates who successfully completed the classroom training and internship will be awarded with “Post-Graduate Diploma in Banking and Finance” degree, where either they can join the bank after 1 year or continue further studies (second year) in same discipline.  List of Banks Collaborated with MGES for PGDBF ICICI Probationary Officers Training Programme (Manipal Global Education Services) Axis Bank Young Bankers (ABYB) Programme (Manipal Global Education Services, Amity Global Business School) Baroda Manipal School of Banking (BMSB) (Manipal Global Education Services) Andhra Bank PGDBF Programme (Manipal Global Education Services) Federal Manipal School of Banking (FMSB) (Manipal Global Education Services and NIIT University) Punjab National Bank Probationary Officers Programme (Manipal Global Education Services) The Kotak Probationary Officer Course (Manipal Global Education Services) IDBI - Manipal School of Banking PO Programme (Manipal Global Education Services) IOB - Manipal School of Banking PO Programme (Manipal Global Education Services) Syndicate Bank - Manipal School of Banking PO Programme HDFC Standard Life - Manipal University Insurance & Management Private sector Banks in India Axis Bank Bandhan Bank Bank of Rajasthan Catholic Syrian Bank City Union Bank Capital Local Area Bank Ltd. DCB Bank Dhanlaxmi Bank Federal Bank HDFC Bank ICICI Bank IndusInd Bank ING Vysya Bank Jammu & Kashmir Bank Karnataka Bank Karur Vysya Bank Kotak Mahindra Bank Lakshmi Vilas Bank Nainital Bank RBL Bank (Ratnakar Bank) South Indian Bank Tamilnadu Mercantile Bank Limited Yes Bank Foreign Banks ABN AMRO Abu Dhabi Commercial Bank Antwerp Diamond Bank Australia and New Zealand Banking Group Bank International Indonesia Bank of America Bank of Bahrain and Kuwait Bank of Ceylon The Bank of Tokyo-Mitsubishi UFJ Barclays Citibank India Credit Suisse Deutsche Bank HSBC The Royal Bank of Scotland Scotiabank Standard Chartered. Cooperative banks Buldhana Urban Cosmos Bank Repco Bank Saraswat Bank Shamrao Vithal Co-op. Bank TNSC Bank Rajkot Nagrik Sahakari Bank By reading this information you will become familiar with the various exams conducted by private banks, eligibility criteria, selection procedure, scheme of examination, career prospects etc.  Disclaimer: The information provided here is for the convenience of the readers and other interested parties. Information collected from various sources such as Official Websites, Web Portals, Discussion Forums, News Papers and Periodicals, Subject or Domain experts and other representatives is subject to change from time-to-time. www.saksheieducation.com will not be responsible for any errors or inconvenience occurred. Thus users (readers) requested to ensure before drawing a conclusion. www.sakshieducation.com Published on 10/29/2015 2:11:00 PM Tags: Careers in Private BanksPrivate Banks in IndiaOpportunities in Private BanksPrivate Banks Careers InformationList of Private BanksPrivate Banks PO ProgramsRecruitment in Private Banks in IndiaIndian Private Banks CareersNotifications for Private BanksPrivate Banks Exams DetailsList of Private Banks ExamsPrivate Banks Recruitment ExamsForeign Banks careersForeign Banks Exams Details